Middle East Economic Survey

VOL. XLIX

No 50

11-Dec-2006

LIBYA

Libyas NOC Appoints First Foreign Financial Advisor

A further step towards Libyas reintegration into the economic life of the region has been taken with the appointment of the Arab Banking Corporation (ABC) as financial advisor to the state-owned National Oil Corporation (NOC). But the involvement of foreign banks in energy finance will be restricted for the time being by the lack of regulatory frameworks.

NOC made its first formal...